What are the terms on which Vodafone has managed to get funding commitments?

There was some encouraging signals for Vodafone Idea as it has just got an initial proposal for up to $2 billion or Rs.15,000 crore as a line of credit facility from a consortium led by US investment firm Oak Hill Advisors. These are based on reports and nothing is confirmed.

The other investors that have given a non-binding term sheet to Vodafone Idea include Sixth Street, Twin Point Capital and Varde Partners. The proposed funding model will likely be a blend of bonds and warrants and could give the option of partial conversion to equity at a later date.